Plenty of M&A deals have destroyed value for the acquirer’s investors but few have done so quite as quickly, or egregiously, as Westinghouse Electric’s purchase of CB&I Stone & Webster Inc., a U.S. nuclear construction business. On Tuesday, Westinghouse’s parent company Toshiba Corp. said a reassessment of the $229 million deal, announced barely a year ago, might oblige it ...

  The notion that we’re getting worse at generating big, world-changing ideas has been gaining currency. As the Wall Street Journal’s Greg Ip wrote earlier this month: Outside of personal technology, improvements in everyday life have been incremental, not revolutionary. Houses, appliances and cars look much like they did a generation ago. Airplanes fly no faster than in the 1960s. ...

  MINEVILLE, N.Y. / AP Malaysia’s Petroliam Nasional Bhd. is seeking to move ahead with a proposed $27 billion liquefied natural gas project in western Canada after identifying a new site for shipping the fuel, a shift that may help reduce costs and quell local opposition. Petronas’s Pacific NorthWest LNG project would continue as planned with the liquefaction plant on ...